Andrew levin, whos professor of economics at Dartmouth College and former adviser to former fed chair ben bernanke victoria fernandez from crossmart Global Investments is in houston congratulations. Thank you. Peter costa from empire executions is sheer at pohere a9 with us. Rick santelli is at the cme. Were going to get reaction later from former Federal Reserve governor larry meyer with us and Richard Fisher well get color from them on the new nominee, the impact he will have on the Federal Reserve Going Forward. Steve, lets start with you. As we await the president , to come out of the oval office which could happen any moment here, hes considered the safe pick why . Well, i think because he doesnt want to have a huge change at all in policy. Doesnt he loves the way the markets have been behaving doesnt really want to upset that particular apple cart look, were not sure whos going to be appointed, bill, but i thought we might just talk about the bio of Jerome Powell, how about . The
Same organization, the same effort with mark and his Wonderful Team who have been wonderful to work with. We have a huge, huge agenda here at the washington policy summit. We have more senior government officials than any location outside of a cabinet meeting. So it should be an interesting day, first time we have had this number of cabinet officials, senior officials on any single stage. But its not just today. We have a busy week. Tomorrow we have a session on Digital Currency for Central Banks cohosting with citi. We have an event, Italian Embassy and the british embassy. On saturday we have a european policy dialogue. And then on sunday we have our Standard Capital emerging markets roundtable where we bring in policymakers and industry representatives. With this year, the topic is Political Risk and its impact, potential impact on capital flows to emerging markets. Pardon me. Thes. Eliot said that april is the cruelest month. I think he wrote that in washington in the midst of chan
James gorman at Morgan Stanley said it was going to be about leadership tonight. Not so much what is the fed going to do at the meeting . What can we learn from these fed chairman about their policies and how they shaped u. S. Economic policy, but their thinking and how they built and consensus with other members of the fed . Chris that will be interesting. Volcker ran into some issues with the committee at one time where some of the people were voting against him. It is extraordinarily difficult. I remember what yellen said. I asked her one time, these people are saying this about policy and this. She goes, what can i tell you . We dont always sing is a chorus the same song, the same tune. Jobhas done a pretty good given that shes only been on the job two years. She seems to be quite a strong chair. Mark it was interesting because what i heard this event was going to take place and you and i were going to be up here, the one thing of wanted to try to get your thoughts on i am more int
Stock to talk about. Japans Prime Minister, shinzo pledged to lower Corporate Tax rates. The shenzhen composite index rose more than 3 . That is its second gain in a row. Indicate u. S. Stocks will open higher. S p 500 closed that more than 2 yesterday. Europe is being told it is time to act, and governments must take in 160,000 refugees from Northern Africa and the middle east. European Commission President Jeanclaude Juncker urge to the continent to share the burden. He spoke to the European Union in france. All of us should remember that europe is a continent where nearly everyone has at one time been a refugee. Our common history is marked by millions of europeans fleeing from religious, political persecution, from oppression. Ramy he did not use the word quotas, but he said it must be compulsory. There has been a shakeup at United Airlines. Ceo just my sick and two other officials are out. It has to do with a federal investigation into ties with the port of new york and new jersey
is we are focusing on compensation fraud and performance. and one of the things that s most@@@@@á#g@ @ @ @ @ @ )@ @ @ ü think shareholders will have an uprising wait until they think they are about to lose their investment. today we send the signal you may not lose your investment or more importantly as we say to the american people guess what, you didn t like shares in that company? we are going to buy them for you because we are the government and we know the best investment of the american taxpayers money , and by the way we don t have this money. this is money we are borrowing from china and japan and people we are having to buy energy from on a basis. the american tax payers are tired of being shareholders. let s get them out and get an exit strategy and more important let s not let the federal government encroach on the business any more than. the gentleman from california thank you. i would like to begin by thanking you for facilitating this hearing this morning